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**** DJ LME Metals Trade Higher, Sustain Upwards Momentum — Market Talk ****

By Laura Clarke @ dowjones.com

0851 GMT [Dow Jones] London Metal Exchange metals rise a little, sustaining gains from last week, although ranges remain narrow. Data overnight showed a slight rise in Chinese manufacturing activity, but still underperformed expectations, stoking hopes for better base metal demand from the world’s top metals consumer only modestly. Today “is an interesting date,” notes Newedge director of Asian commodities trading Richard Fu, “[The] last trading day in September, last trading day before the week-long Chinese National Day Holiday, and the U.S. government stands poised for its first partial shutdown in 17 years at midnight tonight. Metals seem to be posing for a rally.”

**** DJ Base Metals Likely Under Pressure On U.S. Uncertainty — Market Talk ****

By Arpan Mukherjee @ wsj.com

2357 GMT [Dow Jones] LME base metals may face pressure on uncertainty over a legislative gridlock in the U.S. that could shut down the government over raising of the country’s debt ceiling. With the government shutdown looming, and over 800,000 non-essential staff being possibly laid off tomorrow, the markets will respond “violently” to this news, Evan Lucas, market strategist at IG, said in a report. “The blind optimism over the last month will evaporate and that makes us nervous about the next four weeks trading,” he says, adding “trade is going to shift quickly and sporadically.”



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